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Updated over 10 years ago,

User Stats

34
Posts
7
Votes
Jatin Shah
  • Real Estate Attorney
  • Brentwood, TN
7
Votes |
34
Posts

Possible flip - need some advice

Jatin Shah
  • Real Estate Attorney
  • Brentwood, TN
Posted

Hey all, I'm relatively new to this and I wanted to bounce a possible deal off of you. There's a bank owned house (just under 1,100 sf) selling for 99K, but needs at the very least, new carpet/flooring and paint, refaced cabinets.  I'll be seeing it later this week to get a full run down. 

Most of the homes in the area of similar size are on sale for $140-$150.   Assuming the above items are all I need to do plus some misc. aesthetics what type of cost am I looking at?  

Carpet/Flooring: $2,500?

Paint: $3,000?

Refaced Cabinets: $1,000? 

Other (Landscape etc.): $1,500

Does this sound like a good starting point? Thanks for your help!!

Jatin